Last year, fees were more often cited as the reason for firing a recordkeeper. (Photo: Shutterstock)
Workplace retirement plan recordkeeping fees, in free fall for a decade, may have found a bottom.
In 2017, NEPC, a consultancy to 401(k) plans and institutional investors, reported the median defined contribution recordkeeping and custody fee was $59 per plan participant, whereas it was $118 in 2006.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
